286 8th Street

Wheeling, Illinois 60090
Closed / MLS #11067834 / Multiple Family / Wheeling
Listing information updated 7/19/2021 at 5:23am
Wait until you see this amazing investment opportunity! You can own a beautiful, profitable and well-maintained, 6-unit, brick building in the highly sought-after suburb of Wheeling. The building consists of 5-2 bedroom units and 1-1 bedroom unit. Each condo has its own pin number giving opportunities to sell the building as a whole or to sell individual units....lots of flexibility in this great building! Yet another benefit of this terrific building is having countless updates! There was a total gut-rehab in 2008 with lovely, high-quality finishes. Way too many updates to list including new windows, walls, doors, engineered wood floors, euro style kitchens, dishwashers, garbage disposals, new bathrooms...WOW! Each unit has an updated, eat-in kitchen, with gorgeous granite counters, oak cabinets, and stainless appliances including gas stove/oven, dishwasher, and microwave. Each unit also boasts a spacious living room with large picture window and gleaming hardwood flooring. There are 2 assigned parking spaces with each unit making a total of 12 spaces plus ample guest parking too. Yet more updates include new boiler in 2012 and new water heater in 2014. There is coin laundry which not only adds convenience for the tenants plus provides additional income for the lucky owner. The building is now rented to full-capacity including some long-term tenants. Definitely potential for even higher rental prices going forward. Award-winning District 21/214 schools. Ideal location near Metra train, 94/294, parks, forest preserves, shopping, restaurant row on Milwaukee, fitness centers, Wheeling Aquatic Center, and much more! Better hurry....terrific, money-making opportunities like this one don't come often!

Full Features

Exterior Type:
Brick
Basement:
Slab
Water Front:
No
Square Feet:
N/A
Acreage:
0.3
Built:
1978
Parking Spaces:
12
Cooling System:
Window Unit(s)
Stories:
3
Roof:
Composition
Current Net Income:
$54,144
Unit 1:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 1 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:
$21,800
Tax Year:
2019

Location

Zip Code:
60090
City:
Wheeling
County:
Cook
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

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286 8th Street is a multiple family which sold for $725,000. This multiple family has been listed on @properties since April 27th, 2021 and was built in 1978. The nearest transit stops include Wheeling Metra Metra North Central Service line.